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Monday, November 25, 2024

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Afreximbank provides $400m to the Export Trading Group to drive agricultural productivity and resilience

Three-year revolving global credit facility will strengthen African agricultural networks and bolster the continent’s food security Cairo, 26 August 2020: – The African Export-Import Bank (Afreximbank), Africa’s...
HomeShell, NNPC to Grow Nigeria's Oil Reserves

Shell, NNPC to Grow Nigeria’s Oil Reserves

The Management of the Nigerian National Petroleum Corporation (NNPC) and its age-long partner, Shell Petroleum Development Company (SPDC),  have expressed resolve to grow existing business relationship aimed at increasing the nation’s crude oil reserves.   
Welcoming the high level Shell delegation led by the Vice-President of Shell Nigeria and Gabon, Mr. Peter Costello, to the NNPC Towers, Abuja, Group Managing Director of the NNPC, Mallam Mele Kyari, acknowledged the fact that Shell was its oldest and biggest partner in upstream operations and would continue to enhance the relationship for the benefit of the industry.
He said that NNPC would work with Shell to expedite action on some crucial deepwater projects and create enabling environment to entrench the ideals of transparency and enduring governance framework for the industry.  
Speaking earlier on behalf of the Shell delegation, Osagie Okunbor, Managing Director of SPDC and Chairman of Shell Companies in Nigeria, congratulated the NNPC GMD on his appointment while expressing confidence in his ability to steer the industry to enviable height.  
Okunbor said Shell was in sync with Kyari’s vision and growth trajectory for the industry as contained in his blueprint.
He noted with interest the push towards renewed transparency and openness, stating that the essence of the visit was to “underline our unflinching support for you and your team”.